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Established Post Office/newsagents - Bloxwich For Sale

Bloxwich, West Midlands, UK
Asking Price:
£1,100,000 Furniture / Fixtures included
Turnover:
£215,278
Net Profit:
Available on request

Freehold Property and Post Office Business For Sale
Private Parking For Approx 20+ Cars Next To Market
Accounts Available Year End 31st March 2021
Annual Turnover (Year End 31 March 2021) £215,278
Gross Profit (Year End 31 March 2021) £98,750
**POST OFFICE Remuneration 12 Months £80,000 in 2021 **
Accounts Available After Viewing
National Lottery and Health Lottery Agent
Long Established With Repeat Customer Base
Retirement Sale
16 Point CCTV
Fully Equipped and Refurbished In 2013
Huge Scope For Expansion/Mini Market
Scope For Marketing Drive
EPC - D

REF 7698 – Freehold Established Post Office

Blacks Brokers are pleased to bring to the market this Freehold Post Office located in Bloxwich, West Midlands.

INTRODUCTION

Bloxwich Post Office was established in this busy area of Bloxwich town centre over fifty years ago and our client took ownership in 2005. The business offers a full range of Post Office services and is also a newsagent and off licence with an array of complimentary products for sale. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. This was originally the main Post Office owned by Royal Main and has a large car park for approximately 20 vehicles.

LOCATION

Bloxwich Post Office occupies a prominent trading position within Market Place. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Wilko, Iceland, Home Bargains and many more. The area is well linked by the M6 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

STAFF

The business operates with five part time members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Bloxwich Post Office has traded solidly since opening and our client has established a strong repeat customer base. Accounts Available Year End 31st March 2021, Annual Turnover (Year End 31 March 2021) £215,278
Gross Profit (Year End 31 March 2021) £98,750. Full financial information is available upon request.

BUSINESS RATES

The business has a rateable value of £17,000 and the rates payable are £8,483.

SUMMARY

This long established business occupies an enviable trading position in a sought after central area of Bloxwich. Our client has secured a strong customer base and good reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours and a strong marketing drive as well as use of social media. A new owner could also look to extend the property (planning permission dependant). This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Freehold

Business Operation

Trading hours:

MON - SAT: 08:30 - 17:30

Contact Blacks Business Brokers

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